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South Florida Industrial Market Stabilizing

MIAMI-New second-quarter estimates show little appreciable change in industrial-warehouse markets in Broward and Miami-Dade counties over the first quarter this year, although Palm Beach County appears a little softer.

By David R. Corder | Updated on June 26, 2001

MIAMI-The industrial-warehouse market in South Florida apparently is weathering continued weakness in the U.S. economy because of the region’s sustained growth in the global markets.

New estimates from Cushman & Wakefield of Florida Inc. show little appreciable decline in the industrial-warehouse markets in Broward and Miami-Dade counties during the second-quarter this year, although the Palm Beach County market appears a little softer.

“We’ve had some good, positive net absorption,” says Paul N. Isenbergh, a Cushman & Wakefield senior director who specializes in Miami-Dade industrial-warehouse properties. “The market is basically healthy.”

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